Analysts noticed Litecoin (LTC)'s 24 hours move up of 0.30%

11/02/2019

It has pulled back to slightly lower levels in recent trading and is now hovering around the $37.80 mark. Speaking of the hardfork, Bitcoin Cash [BCH] is one of the coins overtaken by Litecoin in its sudden surge to the top-fray of the coin ladder, and despite the close race, Bitcoin Cash has also been riding the collective market bullish high and has seen a wave of green.

Yesterday afternoon, Bitcoin (BTC) started its sharp correction over the $3,450 level. At the moment, the world's largest digital currency is comfortably trading over the $3,600 mark.

With the overly bearish sentiment that has befallen the crypto markets since November 2018, many crypto traders and investors had prayed for and anticipated a sign that a market rise would happen soon. The chief technology officer at Casa - Jameson Lopp - recently published a Medium post with an analysis of the basic performance of Bitcoin (BTC). Whenever the value of Bitcoin (BTC) increases, the rest of the coins in the market will follow suit, and the same trend occurs whenever Bitcoin's price plunges. The digital coin has gained 13.2% in the past 24 hours, according to data from digital currency tracker Coinmarketcap.

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During the previous market reshuffle, Stellar Lumens fell to its lowest point in over 13-months, but the recent rise has pushed its price by 8.05 percent against the United States dollar and is now priced at $0.08046 with the market cap at $1.54 billion. Ripple's XRP, for instance, the second most popular cryptocurrency based on its $12.8 billion market capitalization has recorded a price swing. One Litecoin coin can now be purchased for about $33.18 or 0.00975886 BTC on exchanges including LakeBTC, EXX, Buda and Bitso. The crypto industry market cap has risen by nearly 7 percent in the past 24 hours, from $114 billion to $121 billion. Binance Coin has followed up the mid-week surge that pushed it into the top-10 with another increase, this time pushing up the price by almost 10 percent to $8.67 and posting a market cap of $1.23 billion, a lead of just over $50 million against Bitcoin SV [BSV] in the eleventh spot.

Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. Bitcoin was able to break through the major resistance level of $3600 and is trading at $3667 at the time of writing.

With BTC now hitting $7164.28 after a remarkable period of rising investor acceptance, LTC's measly $67.78 in worth seems like peanuts in comparison.

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